IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v66y2024ics1544612324007281.html
   My bibliography  Save this article

Impact of digital finance on agricultural output: From the perspective of digital development of agriculture

Author

Listed:
  • Cao, Lei
  • Wang, Guosong

Abstract

The rapid development of digital technology has brought new opportunities for agricultural development. Using panel data from 30 provinces in China from 2011–2021, this paper examines the relationship between the impact of digital finance on agricultural output, and constructs comprehensive digital agriculture indicators to examine the mediating effects. The study finds that digital finance has contributed significantly to agricultural output. The mediation effect verifies that digital finance can further contribute to agricultural output by increasing the digitisation of agriculture. Heterogeneity analyses suggest that digital finance plays a more important role in financial support in the Middle Region.

Suggested Citation

  • Cao, Lei & Wang, Guosong, 2024. "Impact of digital finance on agricultural output: From the perspective of digital development of agriculture," Finance Research Letters, Elsevier, vol. 66(C).
    • Handle: RePEc:eee:finlet:v:66:y:2024:i:c:s1544612324007281
    DOI: 10.1016/j.frl.2024.105698
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1544612324007281
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.frl.2024.105698?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Yu, Mingzhe & Fan, Jiachuan & Wang, Haijun & Wang, Jie, 2023. "US trade policy uncertainty on Chinese agricultural imports and exports: An aggregate and product-level analysis," International Review of Economics & Finance, Elsevier, vol. 84(C), pages 70-83.
    2. Pengpeng Yue & Aslihan Gizem Korkmaz & Zhichao Yin & Haigang Zhou, 2022. "The rise of digital finance: Financial inclusion or debt trap," Papers 2201.09221, arXiv.org.
    3. Jiang, Song & Zhou, Jie & Qiu, Shuang, 2022. "Digital Agriculture and Urbanization: Mechanism and Empirical Research," Technological Forecasting and Social Change, Elsevier, vol. 180(C).
    4. Zhou, Linjiang & Shi, Xiaochuan & Bao, Yaxiong & Gao, Lihua & Ma, Chao, 2023. "Explainable artificial intelligence for digital finance and consumption upgrading," Finance Research Letters, Elsevier, vol. 58(PC).
    5. Sun, Yang & Tang, Xinwei, 2022. "The impact of digital inclusive finance on sustainable economic growth in China," Finance Research Letters, Elsevier, vol. 50(C).
    6. Ruoxi Zhong & Qiang He & Yanbin Qi, 2022. "Digital Economy, Agricultural Technological Progress, and Agricultural Carbon Intensity: Evidence from China," IJERPH, MDPI, vol. 19(11), pages 1-18, May.
    7. Olga Mapanje & Selma Karuaihe & Charles Machethe & Mao Amis, 2023. "Financing Sustainable Agriculture in Sub-Saharan Africa: A Review of the Role of Financial Technologies," Sustainability, MDPI, vol. 15(5), pages 1-20, March.
    8. Wu, You & Ren, Wenting & Wan, Jieru & Liu, Xiaoxue, 2023. "Time-frequency volatility connectedness between fossil energy and agricultural commodities: Comparing the COVID-19 pandemic with the Russia-Ukraine conflict," Finance Research Letters, Elsevier, vol. 55(PA).
    9. Na Song & Isaac Appiah-Otoo, 2022. "The Impact of Fintech on Economic Growth: Evidence from China," Sustainability, MDPI, vol. 14(10), pages 1-17, May.
    10. Chernova, Olga Anatolyevna & Mitrofanova, Inna Vasilievna & Adamickova, Izabela & Kleitman, Elena Valerjevna, 2022. "Digitalization of Agricultural Industry – the Vector of Strategic Development of Agro-industrial Regions in Russia," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 14(1), March.
    11. Kong, Dongmin & Liu, Chenhao, 2024. "Centralization and regulatory enforcement: Evidence from personnel authority reform in China," Journal of Public Economics, Elsevier, vol. 229(C).
    12. Yue, Pengpeng & Korkmaz, Aslihan Gizem & Yin, Zhichao & Zhou, Haigang, 2022. "The rise of digital finance: Financial inclusion or debt trap?," Finance Research Letters, Elsevier, vol. 47(PA).
    13. Hao, Jing & Peng, Mengzu & He, Wenjia, 2023. "Digital finance development and bank liquidity creation," International Review of Financial Analysis, Elsevier, vol. 90(C).
    14. Qi Jiang & Jizhi Li & Hongyun Si & Yangyue Su, 2022. "The Impact of the Digital Economy on Agricultural Green Development: Evidence from China," Agriculture, MDPI, vol. 12(8), pages 1-22, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Shen, Hongshan & Qin, Mengyao & Li, Tianyi & Zhang, Xuan & Zhao, Yang, 2024. "Digital finance and industrial structure upgrading: Evidence from Chinese counties," International Review of Financial Analysis, Elsevier, vol. 95(PB).
    2. Wang, Bing & Liu, Yanyan & Yang, Xiangyu, 2024. "Digital economy and urban entrepreneurial activity," Finance Research Letters, Elsevier, vol. 66(C).
    3. Shang, Rui & Wang, Yan, 2024. "Digital finance development and equalization of educational opportunities: An empirical analysis based on CFPS panel data," Finance Research Letters, Elsevier, vol. 65(C).
    4. Zhang, Dongyang & Bai, Dingchuan & Wang, Cao & He, Yurun, 2024. "Distribution dynamics and quantile dynamic convergence of the digital economy: Prefecture-level evidence in China," International Review of Financial Analysis, Elsevier, vol. 95(PA).
    5. Lee, Chien-Chiang & Wang, Chih-Wei & Purnama, Muhammad Yusuf Indra & Sharma, Susan Sunila, 2024. "Digitalization and firms' debt maturity: Do financial constraints and uncertainty matter?," Pacific-Basin Finance Journal, Elsevier, vol. 85(C).
    6. Gao, Qiang & Sun, Mengyuan & Chen, Lu, 2024. "The impact of digital inclusive finance on agricultural economic resilience," Finance Research Letters, Elsevier, vol. 66(C).
    7. Lee, Chien-Chiang & Lou, Runchi & Wang, Fuhao, 2023. "Digital financial inclusion and poverty alleviation: Evidence from the sustainable development of China," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 418-434.
    8. Cheng, Hang & Ruan, Ping & Wang, Peng, 2024. "The impact of surging computing power on enterprise digital transformation–Based on quasi-natural experiments set up by the National Supercomputing Center," Finance Research Letters, Elsevier, vol. 65(C).
    9. Guo, Xiaohong & Tu, Yongqian, 2023. "How digital finance affects carbon intensity–The moderating role of financial supervision," Finance Research Letters, Elsevier, vol. 55(PA).
    10. Siqi Huang & Nik Hadiyan Nik Azman, 2023. "Enhancing Food Security through Digital Inclusive Finance: Evidence from Agricultural Enterprises in China," IJERPH, MDPI, vol. 20(4), pages 1-20, February.
    11. Ding, Qiaoying & Du, Jianguo, 2024. "Impact of innovative capacity on agri-environmental efficiency and mechanism research," International Review of Economics & Finance, Elsevier, vol. 94(C).
    12. Wei Yu & Huiqin Huang & Xinyan Kong & Keying Zhu, 2023. "Can Digital Inclusive Finance Improve the Financial Performance of SMEs?," Sustainability, MDPI, vol. 15(3), pages 1-16, January.
    13. He, Hui & Shi, Wei, 2023. "Enterprise litigation risk and enterprise performance," Finance Research Letters, Elsevier, vol. 55(PA).
    14. Yue, Sishi & Yang, Mo & Dong, Dayong, 2024. "Do enterprises adopting digital finance exhibit higher values? Based on textual analysis," The North American Journal of Economics and Finance, Elsevier, vol. 73(C).
    15. Xu, Dandan & Guo, Dongli & Yue, Pengpeng & Li, Mengshi, 2024. "Household green consumption: Does digital inclusion matter?," International Review of Financial Analysis, Elsevier, vol. 91(C).
    16. Choung, Youngjoo & Chatterjee, Swarn & Pak, Tae-Young, 2023. "Digital Financial Literacy and Financial Well-Being," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue Journal P, pages 1-1.
    17. Zhang, Dongyang, 2024. "The pathway to curb greenwashing in sustainable growth: The role of artificial intelligence," Energy Economics, Elsevier, vol. 133(C).
    18. Xing, Qiuhang & Xu, Gaoshuang & Wang, Yanping, 2024. "Open government data and the cost of debt," International Review of Financial Analysis, Elsevier, vol. 95(PA).
    19. Ding, Guangyuan & Li, Zhenzu & Shen, Hebin, 2024. "Digital finance and enterprise trade and investment: The moderating effect of CEO characteristics," Finance Research Letters, Elsevier, vol. 64(C).
    20. Jian Li & Xiangchen Sheng & Shuhua Zhang & Yixuan Wang, 2024. "Research on the Impact of the Digital Economy and Technological Innovation on Agricultural Carbon Emissions," Land, MDPI, vol. 13(6), pages 1-18, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finlet:v:66:y:2024:i:c:s1544612324007281. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/frl .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.